MSD Acquisition Corp. (NASDAQ:MSDA – Get Rating) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 2,500 shares, a decline of 58.3% from the April 30th total of 6,000 shares. Based on an average daily trading volume, of 88,300 shares, the short-interest ratio is currently 0.0 days.
A number of hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC grew its position in MSD Acquisition by 8.5% in the 1st quarter. Guggenheim Capital LLC now owns 2,757,250 shares of the company’s stock worth $27,075,000 after purchasing an additional 215,098 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of MSD Acquisition during the 4th quarter valued at approximately $22,662,000. Kensico Capital Management Corp lifted its stake in shares of MSD Acquisition by 7.0% during the 4th quarter. Kensico Capital Management Corp now owns 2,139,500 shares of the company’s stock valued at $21,181,000 after buying an additional 139,500 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of MSD Acquisition by 2.0% during the 1st quarter. Hsbc Holdings PLC now owns 2,087,914 shares of the company’s stock valued at $20,524,000 after buying an additional 40,751 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of MSD Acquisition during the 3rd quarter valued at approximately $17,640,000. 51.36% of the stock is owned by institutional investors and hedge funds.
MSDA stock remained flat at $$9.77 during midday trading on Friday. 5,101 shares of the company traded hands, compared to its average volume of 75,001. The company’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $9.82. MSD Acquisition has a 1-year low of $9.67 and a 1-year high of $10.50.
MSD Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology and media sectors. The company was incorporated in 2021 and is based in New York, New York.
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